Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
38900
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
38,900 shares of the Company's common stock (19,400 shares for directors and 19,500 shares for executive officers serving under a mandate)
3 directors (excluding directors who are Audit & Supervisory Committee members, outside directors and part-time directors)19,400 shares
4 executive officers serving under a mandate19,500 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
Directors: free of charge (fair value: ¥1,303 per share); executive officers serving under a mandate: ¥1,303 per share
Total issue value
Directors: ¥25,278,200 (total fair value); executive officers serving under a mandate: ¥25,408,500
Amount of funds to be raised
Total payment amount: ¥25,408,500; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims for executive officers serving under a mandate: ¥25,408,500. The directors are not required to make monetary payments or provide property.
発行済株式総数
No increase (disposal of treasury shares)
As this is a disposal of treasury shares, the total number of issued shares will not increase
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
From 3 August 2026 (the allotment or disposal date) until the date of retirement or another applicable date for each eligible officer
Conditions for lifting transfer restrictions
During the service period, directors must continuously remain directors of the Company, and executive officers serving under a mandate must continuously remain directors or executive officers serving under a mandate of the Company. In the event of retirement upon expiration of the term of office, death or another reason deemed legitimate by the Board of Directors, part of the restrictions will be lifted in proportion to the number of months in office.
Reason for acquisition without consideration
At the end of the restriction period, the Company will automatically acquire without consideration any of the allotted shares for which the restrictions have not been released.
Categories and Number of Persons Covered
3 directors: 19,400 shares; 4 executive officers serving under a mandate: 19,500 shares
Intended allottee's holding policy
During the restriction period, the recipients may not transfer, create security interests over or otherwise dispose of the shares. For directors, the restriction period runs from 3 August 2026 until the date of retirement as a director or another applicable date. For executive officers serving under a mandate, it runs from 3 August 2026 until the date of retirement as a director or executive officer serving under a mandate, or another applicable date.
Payment date
3 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 8 July 2026, ¥1,303 per share. No discount or premium.
Procedures under the Corporate Code of Conduct
At the 91st Annual General Meeting of Shareholders held on 18 June 2021, approval was obtained for a compensation system involving the granting of restricted stock.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 38,900 shares of the Company's common stock (19,400 shares for directors and 19,500 shares for executive officers serving under a mandate) |
| Issue price and disposal price | Directors: free of charge (fair value: ¥1,303 per share); executive officers serving under a mandate: ¥1,303 per share |
| Total issue value | Directors: ¥25,278,200 (total fair value); executive officers serving under a mandate: ¥25,408,500 |
| Amount of funds to be raised | Total payment amount: ¥25,408,500; estimated net proceeds: Not disclosed |
| Payment date | 3 August 2026 |
| Intended allottee | Name 3 directors (excluding directors who are Audit & Supervisory Committee members, outside directors and part-time directors) / Number of Shares 19,400 shares, Name 4 executive officers serving under a mandate / Number of Shares 19,500 shares |
| Intended allottee's holding policy | During the restriction period, the recipients may not transfer, create security interests over or otherwise dispose of the shares. For directors, the restriction period runs from 3 August 2026 until the date of retirement as a director or another applicable date. For executive officers serving under a mandate, it runs from 3 August 2026 until the date of retirement as a director or executive officer serving under a mandate, or another applicable date. |
| Dilution Rate | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Total number of issued shares | No increase (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 8 July 2026, ¥1,303 per share. No discount or premium. |
| Transfer restriction period | From 3 August 2026 (the allotment or disposal date) until the date of retirement or another applicable date for each eligible officer |
| Conditions for lifting transfer restrictions | During the service period, directors must continuously remain directors of the Company, and executive officers serving under a mandate must continuously remain directors or executive officers serving under a mandate of the Company. In the event of retirement upon expiration of the term of office, death or another reason deemed legitimate by the Board of Directors, part of the restrictions will be lifted in proportion to the number of months in office. |
| Reason for acquisition without consideration | At the end of the restriction period, the Company will automatically acquire without consideration any of the allotted shares for which the restrictions have not been released. |
| Categories and Number of Persons Covered | 3 directors: 19,400 shares; 4 executive officers serving under a mandate: 19,500 shares |
| Total Stock-Based Compensation | Total monetary compensation claims for executive officers serving under a mandate: ¥25,408,500. The directors are not required to make monetary payments or provide property. |
| Procedures under the Corporate Code of Conduct | At the 91st Annual General Meeting of Shareholders held on 18 June 2021, approval was obtained for a compensation system involving the granting of restricted stock. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To provide the eligible officers with an incentive to achieve sustained growth in corporate value and to further promote value sharing with shareholders.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.